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Whereas cases of the STI in newborns increased by 30% annually in recent years — greatly alarming public health experts — the upward trend has decelerated. San Francisco’s Public Health Department was the first to recommend doxyPEP for gay and bisexual men and trans women, in October 2022. That helped trigger a long decline in condom use among gay and bisexual men in particular. The protocol, called doxyPrEP, demonstrated generally comparable efficacy at preventing STIs compared with doxyPEP studies among gay men. Public health experts have attributed this century’s surge in STIs, at least in part, to a steady defunding of state and local public-health clinics.

Persons: STIs, gonorrhea, Chlamydia, ”, Laura Bachmann, Julie Dombrowski, Pfizer’s, doxyPEP, MISTR, Jeffrey Klausner, Trump, ” Klausner, “ Organizations: Centers for Disease Control, Blacks, NBC News, MediaNews, Getty, University of Washington, Public Health Department, CDC, PrEP, Food and Drug Administration, HIV, University of Southern Locations: Seattle, gonorrhea, Chicago, New York, Africa, Puerto Rico, ”, Munich, Canada, Japan, University of Southern California

☆ Regulatory outlook is hazy for health care under Trump admin, says former Thomson Reuters CEO
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegulatory outlook is hazy for health care under Trump admin, says former Thomson Reuters CEOThomas Glocer, former Thomson Reuters CEO, joins 'Squawk on the Street' to discuss how policy is expected in the health care sector, how discussions are going regarding M&A, and much more.

Persons: Thomas Glocer Organizations: Trump, Thomson Reuters

☆ I'm the CEO of Scholastic. My days are busy, but I always make time for my wife, my health, and Arsenal.
▼ + stars: | 2024-10-31 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

AdvertisementThis as-told-to essay is based on a conversation with Peter Warwick, the CEO of Scholastic based in New York City about his daily routine. I became president and CEO of Scholastic in August 2021 after serving as an independent director on its board since 2014. I read The New York Times, Wall Street Journal, and Financial Times for world, political, and business news. Scholastic Inc.Outside Scholastic office visits, I attend important conferences related to publishing and education, such as the Frankfurt Book Fair in October. Scholastic Inc.As we wind down at the end of the day, Helen and I solve The New York Times "Connections" puzzle together before heading to bed.

Persons: Peter Warwick, Warwick, —, It's, I've, I'm, Helen, it's, Underpants, Captain Underpants, Jane Zhang Organizations: Scholastic, Service, Thomson Reuters, Pearson, New York Times, Wall Street Journal, Financial Times, English Premier League, Arsenal, The Guardian, London Times, Daily Telegraph, Village, Scholastic Inc, Scholastic HQ, Warwick Locations: New York City, The, Hudson, Greenwich Village, SoHo, Clifford's, Cumberland, Assam, Warwick, New York, Jefferson City , Missouri, Frankfurt

☆ Hermès isn't just surviving the luxury slump — it's thriving
▼ + stars: | 2024-10-24 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

The French fashion house is bucking the trend of the luxury industry as competitors like LVMH stutter. Hermès is succeeding while peers struggle because it follows the law of luxury to a tee, analysts say. AdvertisementIf the luxury slump is an epidemic, Hermès is managing to stay immune. The fashion house is reaping the rewards of a long-term strategy and abiding by the fundamental laws of luxury. AdvertisementIn the luxury fashion world, there's a growing belief that "getting attention is everything," Pedraza said.

Persons: Hermès, —, LVMH, Kering, Hermès Birkin, Sarah Jacobs, Carole Dupont, Eric du Halgouët, Pietri, Martin, Roll, Milton Pedraza, Pedraza, Hermés Organizations: Service, New York Loan, Business, Investor Relations, Hermès, Finance, McKinsey, Paris Thomson Reuters, Luxury Institute Locations: Asia, Japan, China, Switzerland, Paris, LVMH

☆ Marc Benioff says Microsoft rebranding Copilot as AI 'agents' shows they're in 'panic mode'
▼ + stars: | 2024-10-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Benioff said Microsoft Copilot was inaccurate and compared it to "Clippy 2.0." Salesforce recently announced a pivot to Agentforce, its own product that inlcudes custom AI agents. Benioff's post comes over a month after Salesforce announced its own pivot to AI agents through Agentforce. Advertisement"This is the next big transformation," Benioff told Fortune in September, referring to AI agents. In his X post critiquing Microsoft Copilot, the Salesforce CEO said Agentforce, in contrast, was "what AI was meant to be."

Persons: Marc Benioff, Benioff, Microsoft Copilot, Salesforce, —, Copilot, Fortune, Agentforce Organizations: Microsoft, it's, Service, Monday, Business, McKinsey, Thomson Reuters

☆ I broke into venture capital at 22 and became a partner by 28. I learned one easy, surefire way to move up the ranks.
▼ + stars: | 2024-10-15 | by ( Suzanne Reilley | ) www.businessinsider.com time to read: +8 min

Olivia Gaudree started working at Fuel Venture Capital as an intern in her early 20s. She worked her way up the ranks and became a partner in under seven years at 28. AdvertisementThis as-told-to essay is based on a transcribed conversation with Olivia Gaudree, a 28-year-old partner and VP of Operations at Fuel Venture Capital. Networking helped me land my job in venture capitalAt my high school hedge fund internship, I met Maggie Vo, now the managing general partner at Fuel Venture Capital, and got to know her well. Some firms offer entry-level positions within the investment team, but they aren't common.

Persons: Olivia Gaudree, Gaudree, —, Maggie Vo, Maggie, Jeff Randsell, he'd, Merrill Lynch, I'm, I've, it's, It's Organizations: Fuel Venture, Service, Fuel Venture Capital, Business, Florida State University, Thomson Reuters, Networking, Fuel Locations: New York

The hotly anticipated results are in from a landmark pair of major clinical trials of a long-acting, injectable HIV-prevention drug that only requires dosing every six months. The pharma giant has already secured approval for the injectable drug in treating highly drug-resistant HIV. Given the clear statistical superiority of lenacapavir over Truvada, the trial’s blinded phase will now be ended several months early. When taken as prescribed, Truvada is over 99% effective at preventing HIV; Descovy is comparably effective. This chorus is sure to get louder now that lenacapavir is officially highly effective at protecting gay and bisexual men and trans people as well.

Persons: lenacapavir, ”, Jared Baeten, “, ” Jen Kates, ” Gilead, Gilead, Truvada, ViiV Healthcare’s, Amy Killelea, Jirair Ratevosian, Hansel Tookes, ” Tookes, Dr, Boghuma, “ lenacapavir, Tim Horn Organizations: Gilead Sciences, pharma, NBC, Food and Drug Administration, Disease Control, PrEP, Yale School of Nursing, University of Miami Miller School of Medicine, NBC News, Southern, Affordable, CDC, Emory University Locations: Gilead, United States, ”, U.S, Australia, United Kingdom, Arlington , Virginia, America, South Africa, Thailand, Truvada, Atlanta, Saharan Africa

☆ Warren Buffett's company is so big it's like a mini US economy. Here's what it signals about the state of consumers.
▼ + stars: | 2024-08-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Read previewThe latest figures from Warren Buffett's Berkshire Hathaway suggest consumers are faring better than they were just a year or two ago. Thomson ReutersHomeServicesReal estate brokerage revenues were almost flat and after-tax earnings rose 21%. New home unit sales rose 11% after dropping 20%, but pre-tax earnings fell 10%, similar to their 12% decline last year. But pre-tax earnings jumped 10% due to higher margins and lower operating expenses that offset the lower sales. AdvertisementRetailThe odd one out was the retailing subdivision, where revenues fell 4.5% and pre-tax earnings fell 23%.

Persons: —, Warren Buffett's Berkshire Hathaway, Here's, Thomson, Warren Buffett, Clayton, Rick Wilking, Berkshire, They've, There's Organizations: Service, Business, Thomson Reuters, Clayton Homes, Reuters McLane, Berkhire Hathaway Locations: Warren Buffett's, Berkshire, Renton , Washington, Omaha , Nebraska

☆ Nice guys finish first: 7 secrets to success at Blackstone, according to a campus recruiter, a former intern, and other firm insiders
▼ + stars: | 2024-08-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

This summer, Gray addressed Blackstone's summer interns about how they might advance at the firm, according to a recent LinkedIn post. AdvertisementBut how exactly does one go about being "nice" at Blackstone? Here's how to succeed at Blackstone, according to three executives, an ex-intern, and public comments made by top leaders including Gray and Schwarzman. "Steve Schwarzman always says it is just as easy to hire a smart, nice person as a smart, not nice person," Ross told BI. That's just not who we are as a firm," Ross said, adding, "We think investing's a team sport."

Persons: —, Jon Gray, Blackstone, Gray, Steve Schwarzman, that's, Morgan Stanley, Thomson, Schwarzman, Lehman, we'll, Paige Ross, Blackstone Paige Ross, niceness, Ross, That's, Marshall Plumlee, Plumlee, Marshall Plumlee dunking, Mark J, Terrill, Marshall, Jahlil, you've, it's, Peter Peterson, Jeenah, they're, They're, Taylor Kanfer, we're, Kanfer, Joe Zidle, Blackstone . Blackstone Zidle, Zidle Organizations: Service, Business, Blackstone, Blackstone —, Lehman Brothers, Thomson Reuters, Duke University's, NBA, New York Knicks, Milwaukee Bucks, Associated Press, Duke, 75th Ranger Regiment, Army, LinkedIn, Veterans Network, Blackstone . Locations: Blackstone, New York, Manhattan, Afghanistan

☆ OpenAI's GPT-5 is coming out soon. Here's what to expect, according to OpenAI customers and developers.
▼ + stars: | 2024-07-30 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Read previewThe AI arms race continues apace, with OpenAI competing against Anthropic, Meta, and a reinvigorated Google to create the biggest, baddest, model. OpenAI set the tone with the release of GPT-4 and competitors have scrambled to catch up, with some coming pretty close. But will it be enough to set OpenAI — which is apparently hemorrhaging billions of dollars — apart from the increasingly impressive array of other AI models on offer? He expects GPT-5 to be more like going from undergrad to a PhD program, better for sure but not necessarily Earth-shattering. Already many user are opting for smaller, cheaper models and AI companies are increasingly competing on price rather than performance.

Persons: —, that's, OpenAI, Hamish Low, Jake Heller, Heller, Read, He's, Will GPT, Hooman Radfar, he's, Radfar Organizations: Service, Anthropic, Meta, Google, Business, Enders Analysis, GPT, Thomson Reuters Locations: GPT, undergrad

☆ Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift
▼ + stars: | 2024-07-23 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Australian dollars are seen in an illustration photo February 8, 2018. The two Antipodean currencies, often used as liquid proxies for the Chinese yuan, were flat after slumping in the previous session in the wake of the news. The Australian dollar was trading at $0.6643 early on Tuesday and the New Zealand dollar dipped 0.01% to $0.5979. In the broader market, currency moves were subdued as traders looked to central bank meetings in the U.S. and Japan next week. In cryptocurrencies, bitcoin fell 0.7% to $67,665, retreating from an over one-month top hit in the previous session.

Persons: Daniel Munoz, China's, Rodrigo Catril, Joe Biden's, NAB's, bitcoin, Rae Wee, Stephen Coates Organizations: REUTERS, New, New Zealand, National Australia Bank, NAB, Trump, U.S, Treasury, Thomson Locations: SINGAPORE, New Zealand, China, U.S, Japan

☆ Google scraps plan to remove cookies from Chrome
▼ + stars: | 2024-07-22 | by ( ) www.reuters.com time to read: +3 min

The Google logo is seen in Las Vegas, Nevada, U.S. January 10, 2024. REUTERS/Steve Marcus/File Photo Purchase Licensing Rights , opens new tabCompanies Google Inc FollowAlphabet Inc FollowJuly 22 (Reuters) - Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to phase out the tiny packets of code meant to track users on the internet. "Advertising stakeholders will no longer have to prepare to quit third-party cookies cold turkey," eMarketer analyst Evelyn Mitchell-Wolf said in a statement. "Google's decision to continue allowing third-party cookies, despite other major browsers blocking them for years, is a direct consequence of their advertising-driven business model," Cohen said in a statement. Reporting by Yuvraj Malik and Jeffrey Dastin in San Francisco; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Steve Marcus, they'd, Anthony Chavez, Chavez, Evelyn Mitchell, Wolf, Lena Cohen, Cohen, Yuvraj Malik, Jeffrey Dastin, Devika Organizations: REUTERS, Google, Markets Authority, European Union, General Data Protection, CMA, Office, Electronic Frontier Foundation, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific island nation of Kiribati May 25, 2013. CHINESE INTEREST AS WESTERN BANKS EXIT"The proposed World Bank project is a creative way of addressing the challenge of de-risking and small scale in Pacific Island countries," said Lalita Moorty, the World Bank's East Asia and Pacific director for prosperity. Without access to overseas banks, Pacific countries would struggle to receive remittances - a key component of their economies - welcome holidaymakers or trade with the wider world. "It can create instability for the financial system," said Denton Rarawa, senior economics adviser at the Pacific Islands Forum. "What we're saying is that if you're not going to address concerns and issues we have, Pacific countries will start looking elsewhere for support."

Persons: David Gray, Solomon, Lalita Moorty, Denton Rarawa, Mark Brown, Janet Yellen, Ariff Ali, Lewis Jackson, Lucy Craymer, Ziyi Tang, William Mallard Organizations: REUTERS, Villagers, WELLINGTON, Bank, U.S, Pacific Islands, World Bank, Pacific, ANZ Bank, Westpac, Bendigo Bank, Bank of China, Reuters, Cook, U.S . Treasury, Federal Reserve, Reserve Bank of Fiji, Thomson Locations: Tangintebu, South, Pacific, Kiribati, SYDNEY, Australia, China, Washington, Nauru, Solomon Islands, Taiwan, Beijing, U.S, East Asia, Papua New Guinea, Vanuatu, Tonga, Samoa, Brisbane, Pacific Islands, Sydney, Wellington

☆ OpenAI whistleblowers ask SEC to investigate alleged restrictive non-disclosure agreements
▼ + stars: | 2024-07-13 | by ( Chandni Shah | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights New Tab , opens new tabJuly 13 (Reuters) - OpenAI whistleblowers have filed a complaint with the U.S. Securities and Exchange Commission, calling for an investigation over the artificial intelligence company's allegedly restrictive non-disclosure agreements, according to a letter seen by Reuters. The AI company allegedly made employees sign agreements that required them to waive their federal rights to whistleblower compensation, according to the letter. The whistleblowers requested the SEC to fine OpenAI for each improper agreement made to the extent the agency deemed appropriate. The whistleblowers alleged that OpenAI issued overly restrictive employment, severance and non-disclosure agreements to its employees, which could have led to penalties against workers who raised concerns about OpenAI to federal authorities. The letter also asked the SEC to require OpenAI to produce every contract that contained a non-disclosure agreement, including employment agreements, severance agreements and investor agreements for inspection.

Persons: Dado Ruvic, Sen, Chuck Grassley, OpenAI, Grassley, Sam Altman, Chandni Shah, Jonathan Landay, Franklin Paul, Diane Craft Organizations: REUTERS, U.S . Securities, Exchange Commission, Reuters, SEC, Washington Post, Security, Thomson Locations: Bengaluru, Washington

The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network (DISH.MX) New Tab , opens new tab and an environmental group composed of amateur astronomers and dark-sky enthusiasts. The court in 2022 rejected a separate challenge to SpaceX's plan to deploy satellites at a lower Earth orbit than planned. In late 2022, the FCC approved SpaceX's request to deploy up to 7,500 satellites after the commission in 2018 approved SpaceX plans to deploy up to 4,425 first-generation satellites. The three-judge panel said the FCC "decision to license SpaceX’s Gen2 Starlink satellites was lawful and reasonable." New Tab , opens new tab

Persons: Veronica Gabriela Cardenas, Elon Musk's, Jessica Rosenworcel, David Shepardson, Franklin Paul, Diane Craft Organizations: SpaceX, REUTERS, Federal Communications Commission, U.S, Appeals, District of Columbia, FCC, Elon Musk's SpaceX, Opportunity Fund, Thomson Locations: Brownsville , Texas, U.S, WASHINGTON

The shares pared some gains and closed at C$27.98, giving the company a market capitalization of C$3.44 billion ($2.52 billion). The Lundin family holds a 32% stake in copper miner Filo Corp, while BHP holds a 6% stake in the company, according to recent regulatory filings and LSEG data. Lundin, BHP and Filo Corp did not immediately respond to a Reuters request for comment. Bloomberg News reported earlier on Friday that Lundin had pitched BHP on a joint bid for Filo. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Dado, Filo, Lundin, Divya Rajagopal, Mrinalika Roy, Maju Samuel, Josie Kao Organizations: BHP, REUTERS, Lundin, Filo, Lundin Mining, Filo Corp, Bloomberg News, Thomson Locations: Canada, Sol, Chile, Argentina, Lundin, Toronto, Bengaluru

A branch of First Republic Bank is seen after Jamie Dimon's JPMorgan Chase & Co emerged as the winner of a weekend auction of the bank in San Franciso, California, U.S. May 1, 2023. First Republic failed on May 1, 2023, after a series of Federal Reserve interest rate increases caused large losses in its investment portfolio and led many depositors to move their money elsewhere. In their complaint filed last December, the former First Republic employees alleged that the FDIC had on May 18, 2023, wrongfully stopped making payments under their deferred compensation plan. First Republic failed less than two months after the failures of two other lenders, Silicon Valley Bank and Signature Bank. The case is Harrington et al v FDIC, U.S. District Court, Northern District of California, No.

Persons: Jamie Dimon's, Hyun Joo Jin, District Judge Haywood Gilliam, Gilliam, Harrington, Jonathan Stempel, Will Dunham Organizations: First Republic Bank, Jamie Dimon's JPMorgan Chase, REUTERS, Federal Deposit Insurance Corp, Bank, U.S, District, Federal, First, JPMorgan, Republic, Silicon Valley Bank, Signature Bank, FDIC, Court, Northern District of, Thomson Locations: San Franciso , California, U.S, California, San Francisco, Oakland , California, Northern District, Northern District of California, New York

☆ Wall Street banks see investment banking improvement, with some caution
▼ + stars: | 2024-07-12 | by ( ) www.reuters.com time to read: +3 min

The results by three major U.S. banks kicked off the second-quarter earnings season. Maximize Item 1 of 2 Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. REUTERS/File Photo [1/2] Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. Wells Fargo CFO Mike Santomassimo said on a call that the bank has seen good activity across the investment grade desk, capital markets and the leverage finance business. Goldman's earnings are expected to more than double versus the second quarter of 2023, when they dropped to a three-year low.

Persons: Wells, Goldman Sachs, Morgan Stanley, Mark Mason, Mason, JP Morgan, Jeremy Barnum, Mike Santomassimo, Moody's, Goldman, Noor Zainab Hussain, Manya Saini, Niket, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Citigroup, JPMorgan, Citi, Equity, JP Morgan Chase Bank, Citibank, Wells Fargo & Co, Chevron Chevron, Morgan, Thomson Locations: Chevron Chevron The U.S, U.S, Bengaluru, New York

☆ IMF says emerging market capital inflows recover to 2018 levels
▼ + stars: | 2024-07-12 | by ( David Lawder | ) www.reuters.com time to read: +3 min

The IMF said in the report that emerging markets have seen a decline in the more volatile net portfolio inflows, but net inflows of foreign direct investment (FDI) has been more stable. At the same time, the report said that China saw net capital outflows over the 2022-2023 period, including net negative FDI inflows. Overall, global gross capital inflows declined to 4.4% of global GDP, or $4.2 trillion, in the 2022-2023 period, from 5.8 percent of global GDP, or $4.5 trillion, in 2017-2019. But the U.S. benefited strongly from the shifts, accounting for 41% of global gross inflows during the 2022-2023 period, nearly double its 23% share in 2017-2019. The U.S. share of global gross outflows also increased, to 21% from 14% during the same periods.

Persons: Christine Lagarde, Nicolas Dujovne, Yuri Gripas, David Lawder, Franklin Paul, Alistair Bell Organizations: Monetary Fund, Argentine, REUTERS, China, IMF, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S

REUTERS/Tom Bateman/File Photo Purchase Licensing Rights New Tab , opens new tabJuly 10 (Reuters) - Costco Wholesale (COST.O) New Tab , opens new tab said on Wednesday it would hike annual membership fees for the first time in seven years for its U.S. and Canada customers, effective Sept. 1. Costco said the maximum annual 2% reward associated with executive membership will also increase to $1,250 from $1,000. "The market has been expecting (discussion of) a membership fee hike for a couple years ... management historically tends to raise membership rates every 5 to 6 years," said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors. For fiscal 2023, membership fee revenue accounted for 1.9% of the company's total revenue. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Tom Bateman, Costco, Michael Ashley Schulman, Schulman, Granth, Mohammed Safi Shamsi Organizations: Costco, REUTERS, Costco Wholesale, Running, Capital Advisors, Thomson Locations: Meiwa, Gunma Prefecture, Japan, Canada, Bengaluru

The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high demand as the world shifts to green energy. Eramet is being closely watched by competitors from the U.S. to Chile that are also working to commercialize DLE. It aims to pump out its first ton of lithium carbonate in November and scale up to 24,000 metric tons a year by mid-2025. The technique allows Eramet to produce a ton of lithium carbonate in one week, versus a year with traditional methods. "You go step by step, making sure you can get to the next phase," said engineer Soledad Gamarra.

Persons: Eramet, Christel Bories, Joe Lowry, Soledad Gamarra, Mara Puntano, John Li, Tsingshan, Bories, Daina Beth Solomon, Salar Centenario, Ernest Scheyder, Lucila Sigal, Veronica Brown, Richard Chang Organizations: Reuters, Battery Metals, Initiative for, Mining Assurance, America, Thomson Locations: SALAR CENTENARIO, Argentina, Argentina's, U.S, Chile, Salta, Rio Tinto, South, Eramet's Centenario, Eramet's, Salt Lake City, U.S ., Utah, China, Asia, Salar, Houston

☆ Exiled Chinese businessman stole millions from followers, US prosecutor says
▼ + stars: | 2024-07-10 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Guo Wengui (also known as Miles Kwok) holds a news conference with Steve Bannon in New York, New York, U.S., November 20, 2018. Finkel showed jurors videos of Guo wearing sunglasses and standing on the deck of a yacht pitching investments. "Was Miles Guo targeted by the CCP? Prosecutors say Guo used multiple aliases, including Miles Guo and Miles Kwok. Guo paid Bannon $1 million as part of a consulting contract designed to lend legitimacy to his anti Chinese Communist Party movement, Finkel said.

Persons: Guo Wengui, Miles Kwok, Steve Bannon, Carlo Allegri, Ryan Finkel, Guo, Finkel, Miles Guo, Donald Trump, Bannon, Luc Cohen, Noeleen Walder, Leslie Adler Organizations: REUTERS, Lamborghini, CCP, Chinese Communist Party, Prosecutors, Thomson Locations: New York , New York, U.S, Manhattan, Connecticut, China, New York

☆ Ackman says his firm will put $500 million into Pershing Square USA
▼ + stars: | 2024-07-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Purchase Licensing Rights New Tab , opens new tabNEW YORK, July 10 (Reuters) - Bill Ackman's firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund manager said in a presentation on Wednesday. The $500 million anchor investment will be held for at least 10 years, he said. Since its launch two decades ago, Ackman's hedge fund returned 16.5% a year. Had it existed in its current form, Pershing Square USA would have returned 19.4% during that time, he said.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Svea Herbst, Bayliss, David Gregorio Our Organizations: Pershing Square Capital Management, REUTERS, Pershing, Capital Management, USA, New York Stock Exchange, Svea, Thomson Locations: Las Vegas , Nevada, U.S

☆ Florida residents were shocked to see a manatee swimming in their human-made lake. A biologist thinks she knows how it got there.
▼ + stars: | 2024-07-08 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +3 min

Read previewSouth Florida residents recently noticed an unusual new neighbor in their artificial lake: a manatee. Some Florida manatees travel through the ocean around the US, from Texas to as far north as Delaware. Experts have seen manatees in this area for the past few years, so the big visitor isn't totally unique. How to help your local, neighborhood manateeSometimes people can be a little overzealous in trying to help manatees, Howell said. AdvertisementIf Florida residents are concerned about a manatee who seems in distress, they can call the Wildlife Alert Hotline at 888-404-3922, Howell said.

Persons: —, Bill Barnett, Amber Howell, Howell Organizations: Service, Pembroke Pines, WPLG, Business, Florida Fish and Wildlife Conservation Commission, Thomson, National Oceanic, Atmospheric Administration Locations: Florida, Pembroke, Riviera Beach, Thomson Reuters Florida, Texas, Delaware

☆ These are the best ways to play GenAI as it disrupts new industries, according to RBC
▼ + stars: | 2024-07-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme. Other technology giants have followed suit, with Amazon closing above a $2 trillion market value for the first time ever last month. Against this backdrop, RBC Capital Markets highlighted some of its favorite ways to play the theme beyond the classic winners, viewing AI as the "next disruptive mega-trend." While the social media giant has already gotten a boost from the trend, RBC Capital Markets expects shares to benefit from a world where digital advertisers market toward AI and virtual assistants. RBC Capital Markets also highlighted a handful of software stocks that could win big as AI proliferates, viewing the tool as a "revenue enhancer and profitability expander" that may take three to five years to materialize.

Persons: behemoths, GenAI, CrowdStrike, Eaton, Thomson Organizations: RBC Capital Markets, Nvidia, RBC Capital, Adobe, Accenture, Thomson Reuters Locations: Shopify

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